United Bank Inc. held its position in Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,500 shares of the company’s stock at the end of the first quarter. United Bank Inc.’s holdings in Harley-Davidson were worth $ 333,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares during the period. Tyers Asset Management LLC bought a new position in Harley-Davidson during the fourth quarter worth $ 902,000. Dodge & Cox bought a new position in Harley-Davidson during the fourth quarter worth $ 517,798,000. Kentucky Retirement Systems bought a new position in Harley-Davidson during the fourth quarter worth $ 748,000. Finally, LS Investment Advisors LLC raised its position in Harley-Davidson by 8.3% in the first quarter. LS Investment Advisors LLC now owns 20,571 shares of the company’s stock worth $ 1,245,000 after buying an additional 1,568 shares during the period. 89.54% of the stock is currently owned by institutional investors.
Shares of Harley-Davidson Inc (NYSE:HOG) traded up 1.06% during midday trading on Friday, reaching $ 52.41. The company’s stock had a trading volume of 1,308,563 shares. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The firm has a market capitalization of $ 9.22 billion, a price-to-earnings ratio of 14.94 and a beta of 0.88. The firm’s 50 day moving average is $ 56.37 and its 200 day moving average is $ 58.35.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter last year, the firm earned $ 1.36 earnings per share. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. Equities analysts forecast that Harley-Davidson Inc will post $ 3.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be given a $ 0.365 dividend. This represents a $ 1.46 annualized dividend and a yield of 2.82%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
HOG has been the topic of a number of recent research reports. Citigroup Inc lowered their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Morgan Stanley reissued an “overweight” rating and set a $ 59.00 price objective (down previously from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Royal Bank of Canada boosted their price objective on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 5th. Finally, Goldman Sachs Group Inc reissued a “neutral” rating and set a $ 55.00 price objective (down previously from $ 57.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $ 56.12.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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